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BABA Stock Set to Soar on This $4 Billion Catalyst in 2016
Yes, the Alibaba Group Holding Ltd (NYSE: BABA) stock price is still down 16.6% year to date, but the company has just received a new $4 billion catalyst that should drive BABA stock higher in 2016.
Before we get to the catalyst, here's why the BABA stock price has been so volatile in 2016...
Yes, the Alibaba Group Holding Ltd (NYSE: BABA) stock price is still down 16.6% year to date, but the company has just received a new $4 billion catalyst that should drive BABA stock higher in 2016.
Before we get to the catalyst, here's why the BABA stock price has been so volatile in 2016...